On September 30, Airbnb, Inc. rose 3.05% in regular trading, trading at $161.755 per share, with turnover of approximately $111 million.
On the news front, Airbnb, Inc. is expanding its add-on services business across select markets, spanning baby gear rentals, laundry pickup and delivery, and food delivery. Starting in November, the company will partner with BabyQuip to offer cribs, strollers, high chairs, and toys in over 60 U.S. cities, with users receiving a 10% discount. Laundry services will be available through Rinse in select cities, while restaurant and grocery delivery will roll out in Europe. Plans for ski and snowboard rentals in the French Alps and boat rentals in South Florida are also in development.
The expansion follows a recently launched Instacart-powered grocery delivery service now available to guests on eligible U.S. trips. Multiple analyst firms have raised price targets in recent weeks, with a consensus mean target of $183.24 and an average overweight rating, reflecting broad optimism around the company's platform diversification strategy.
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